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one of the tax breaks due to expire next month is the payroll tax. that's the tax listed on your pay stub as fica. the money you pay into social security and medicare. it was reduced by two percentage points during the recession. jim axelrod has more. >> reporter: the payroll tax cut has given this family an extra $70 a month to spend. john is a maintenance man in jersey city, new jersey. >> are you paying any attention to what's going on in washington right now? >> of course. >> reporter: their $50,000 a year income put them almost exactly in the middle of the american household. if it's not extended those $1,035 more. >> do you have room to cut back? >> no. >> reporter: if the tax cut expires paycheck contributions will go from 4.2% to 6.2%. that's $115 billion a year that would go to deficit reduction instead of being pumped into the economy. heidi sherholtz is an economist. >> it's less money for consumers to spend, that means that the demand for business services will drop, who provides goods and services, workers, so employment will fall. >> re
one of the tax breaks due to expire next month is the payroll tax. that's the tax listed on your pay stub as fica. the money you pay into social security and medicare. it was reduced by two percentage points during the recession. jim axelrod has more. >> reporter: the payroll tax cut has given this family an extra $70 a month to spend. john is a maintenance man in jersey city, new jersey. >> are you paying any attention to what's going on in washington right now? >> of course....
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Dec 5, 2012
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the president wants bush-era tax breaks to expire for households making $250,000 or more. republicans are adamantly opposed to that. >> closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates. >> reporter: republicans are also pressing their case with the public. house gop leaders invited small business owners to capitol hill for a meeting. republicans argue that tax increases will cripple small businesses. and max olson agrees. olson opened his insurance agency this year. he says the uncertainty over a looming tax hike is holding up his plans to hire more employees. >> right now, i'm presently interviewing people as we speak. and i don't know what's going to happen in january to my tax rate. >> reporter: both sides have proposals on the table to steer clear of the "fiscal cliff." but so far, neither republicans nor democrats appear ready to blink when it comes to tax rates for wealthy americans. danielle nottingham, cbs news, washington. >>> stanford is apparently the place to be if you are looking to launch a start
the president wants bush-era tax breaks to expire for households making $250,000 or more. republicans are adamantly opposed to that. >> closing loopholes, especially on those who are wealthy, is a better way to raise this revenue than raising rates. >> reporter: republicans are also pressing their case with the public. house gop leaders invited small business owners to capitol hill for a meeting. republicans argue that tax increases will cripple small businesses. and max olson...
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Dec 5, 2012
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failed tax measure on the november ballot. the county's top fire officials say they will have to do even more now with less. >> we should have roughly 600 firefighters on our staff. currently we have roughly 250. so we're only at about 44%. so any further degrading or reduction of our service just puts us further behind the power curve. >> contra costa fire district serving some 600,000 people over 300 square miles. more stations could close this summer, as well. >>> in other headlines around the bay, a proposal to buy a drone from the alameda county sheriff's office was sent to the public protection committee for further study. it's expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for final approval. >>> san francisco police hauled a load of marijuana and pot growing equipment out of the house that burned in the haight- ashbury neighborhood. it took firefighters an hour to put the fire out on page street. several residents were displaced but no one wa
failed tax measure on the november ballot. the county's top fire officials say they will have to do even more now with less. >> we should have roughly 600 firefighters on our staff. currently we have roughly 250. so we're only at about 44%. so any further degrading or reduction of our service just puts us further behind the power curve. >> contra costa fire district serving some 600,000 people over 300 square miles. more stations could close this summer, as well. >>> in...
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Dec 1, 2012
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and urge lawmakers to pass a tax cut extension for the middle cl. house speaker jo >>> president obama went to a toy making factory in a philadelphia suburb to sell his pitch and urged lawmakers to pass a tax cut extension for the middle class. house speaker john boehner says the president's proposal would be a blow to the economy. if a compromise isn't reached soon automatic tax hikes and steep budget cuts will kick in january 1. >>> and as budget talks continue little changed on wall street today. the dow closed with a 4 point game. the nasdaq lost 2. s&p 500 edged up less than a point. >>> anthem blue cross was first. now several other health insurers jumping on board with their own proposed double-digit rate hikes. cbs 5 consumerwatch reporter julie watts says, critics say that the move is a preemptive strike to raise the rates before healthcare reform kicks in. >> a 25% increase. i felt like i had been kicked in the stomach. >> reporter: a healthcare provider herself, pediatrician jan feels helpless. her individual blue cross health insurance p
and urge lawmakers to pass a tax cut extension for the middle cl. house speaker jo >>> president obama went to a toy making factory in a philadelphia suburb to sell his pitch and urged lawmakers to pass a tax cut extension for the middle class. house speaker john boehner says the president's proposal would be a blow to the economy. if a compromise isn't reached soon automatic tax hikes and steep budget cuts will kick in january 1. >>> and as budget talks continue little...
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now, we would have all those spending cuts but remember, we would also have an increase in taxes which some economists predict could throw us back into recession and with no deal who is to of blame? 53% of americans place that blame on republicans. in the newsroom, grace lee, cbs 5. >>> the comments made by the president made investors hopeful that a quick deal could be made to avoid the "fiscal cliff." that gave wall street its first gain. week. the dow closed up more than 82 ending above 13,000. the s&p 500 rose more than 2. but the nasdaq as you see lost almost 23. >>> bart's multi-million dollar nuisance. the exhaustive effort to shoo hundreds of birds away. >> and hundreds of complaints about the iphone 5. >> and now the day the drying trend begins as eyewitness news continues right here on cbs 5. ,, oh, you have a keurig vue brewer? oh, it's great! now i can brew my coffee just the way i love it. how do you do that? well, inside the brewer, there's this train that's powerful enough to carry more coffee and fresh water to make coffee that's stronger and bigger... and even hotter!
now, we would have all those spending cuts but remember, we would also have an increase in taxes which some economists predict could throw us back into recession and with no deal who is to of blame? 53% of americans place that blame on republicans. in the newsroom, grace lee, cbs 5. >>> the comments made by the president made investors hopeful that a quick deal could be made to avoid the "fiscal cliff." that gave wall street its first gain. week. the dow closed up more than...
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Dec 5, 2012
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social security taxes. do you have room to cut back? >> no, sir, i don't. i guess we'll do some type of magic like we do every month here in our household, that's what i call it. >> reporter: if the tax cut expires, pay cut contributions will go from 4.% to 6.2%, that's $115 billion a year that will go to deficit reduction instead of being pumped into the economy. heidi cherholts is an economist. >> it's less money for consumers to spend that means the demand for goods and services will drop. who provides goods and services? workers. so employment will fall. >> reporter: those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. with although mejia says that somewhere will mean doing without some of the basics. >> might be a pair of sneakers. might be that jacket that they want to go to school with in the winter. might be those pair of boots that they want to go and keep warm. >> reporter: for john mejia, the debate in washington is not about the fe
social security taxes. do you have room to cut back? >> no, sir, i don't. i guess we'll do some type of magic like we do every month here in our household, that's what i call it. >> reporter: if the tax cut expires, pay cut contributions will go from 4.% to 6.2%, that's $115 billion a year that will go to deficit reduction instead of being pumped into the economy. heidi cherholts is an economist. >> it's less money for consumers to spend that means the demand for goods and...
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Nov 30, 2012
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the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists the president won't sign any bill that doesn't include higher taxes for top earners. >> this shouldn't be news to anyone on capitol hill. >> reporter: the white house called the proposal an opening bid, republicans called it a joke. now republicans have not yet put any comparable plan on the table. they seem willing to accept half the revenues the president is looking for but they want far more in spending cuts. >> susan mcginnis getting us started on this friday. susan, thank you so much. the president insistent that any budget deal include higher taxes for high earners doesn't sit well with most small business owners. >> reporter: kevin green owns two flower and gift shops in alexandria, virgi
the new taxes on the wealthiest americans. while some republicans here in congress are hinting they might be open to the idea the majority seemed opposed. >> raising rates on the so-called rich is the holy grail of liberalism. their aim isn't job creation, they are interested in wealth distribution. >> reporter: the white house insists the president won't sign any bill that doesn't include higher taxes for top earners. >> this shouldn't be news to anyone on capitol hill....
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Nov 29, 2012
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scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending cuts. he's also getting ready to take his fiscal cliff message on the road. he'll try to convince the american people the best way to avoid the fiscal cliff is to extend the bush era tax cuts for the middle class. >> it's too important for washington to screw this up. >> reporter: president obama is putting pressure on congressional republicans and he's enlisting middle class americans in getting the gop to take action on taxes. >> when the american people speak loudly enough, lo and behold congress listens. >> reporter: tomorrow he'll host a campaign style event where he calls on law
scares of automatic spending cuts and tax increases could take effect january 1st. democrats moved by president obama and congressional republicans signaled they are willing to compromise on changing tax rates and spending reductions but the negotiations are moving very, very slowly. susan mcginnis is in washington with the latest. susan, good morning to you. >> reporter: good morning. the president is sending his top two negotiators to talk with lawmakers today about possible spending...
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Dec 3, 2012
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$3500 more on their taxes. republican senator lindsey graham says it's a possibility. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. >> blaming democrats for not doing enough to meet republicans halfway. >> the president plans when it comes to entitlement reform, this quite frankly a joke. >> reporter: with little more than fingerpointing getting done in dc wall street is getting wary. stocks inched higher last week but many businesses are holding off investment decisions hoping congress manages to strike a deal and pull back from the brink, jeff. >> jeff: anna werner, thank you. >> with superstorm sandy not quite five weeks behind them, the governors of new jersey and new york are asking for nearly $80 billion in federal aid. many distressed homeowners thought they were already covered by federal flood insurance. but now as michelle miller stills us, they're being told think again. >> reporter: roman and mar yain-- marianna bediner staten island home was fl
$3500 more on their taxes. republican senator lindsey graham says it's a possibility. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. >> blaming democrats for not doing enough to meet republicans halfway. >> the president plans when it comes to entitlement reform, this quite frankly a joke. >> reporter: with little more than fingerpointing getting done in dc wall street is getting wary. stocks inched higher last week...
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Dec 5, 2012
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the county's top fire official recommended the closures, saying a loss of property taxes and a failed tax measure in november caused the district to burn through its cash reserves. >>> a decision on whether to buy a drone for the alameda county sheriff's office was sent to the public protection committee for further study. it's expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for a final decision. >>> and big bags of marijuana were hauled out of the victorian house that burned in san francisco. police also removed equipment for the growing plagues. the cause of the two-alarm fire in the haight-ashbury neighborhood is unknown. no one was injured. time now 6:10. >>> fiscal frustration. why a compromise on capitol hill looks more impossible every day. >> hundreds of thousands protesting at the egypt presidential palace. >> and the millionaire fugitive plans to make sure the government of belize never gets its hands on him. today... over president mohammed morsi's decision to declare his ial review. >>> in your wo
the county's top fire official recommended the closures, saying a loss of property taxes and a failed tax measure in november caused the district to burn through its cash reserves. >>> a decision on whether to buy a drone for the alameda county sheriff's office was sent to the public protection committee for further study. it's expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for a final decision. >>>...
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the proposed closures come after they recorrected a par -- rejected a parcel tax. supervisors recently asked the fire chief for more information about the closures and possible alternatives. >>> there is a new proposal to expand the light rail system in the south bay. it now ends at the wynnchester station in campbell. vta estimates 430 more people would ride light rail if there was more stations. >> this is fiscal madness. they should never do this to their children or grandchildren. >> we believe the extension is needed and we would plan to use the extension for trips to downtown san jose. >> vta says the earliest construction could begin is in 2015. >>> 4:54. let's go back over to tara. steve is not calling it a storm. >> that is right. especially state route 9 in the santa cruz mountains. we do want to go back to the two-car crash on 580 in oakland. we do have lanes that are still blocked there. this was an accident involving two cars at lake shore avenue. and we understand that one of the parties is actually still trapped inside of the car. emergency crews are
the proposed closures come after they recorrected a par -- rejected a parcel tax. supervisors recently asked the fire chief for more information about the closures and possible alternatives. >>> there is a new proposal to expand the light rail system in the south bay. it now ends at the wynnchester station in campbell. vta estimates 430 more people would ride light rail if there was more stations. >> this is fiscal madness. they should never do this to their children or...
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Dec 6, 2012
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incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the following: the speaker and the president spoke before treasury secretary geithner's comments about going over the cliff. the conversation was described as brief, meaning shorter than the 28-minute conversation speaker boehner and the president had last week. also those familiar with the conversation tell me-- or do not used words like "curt," "frank" and "direct" meaning it was probably more gentle. also i'm told scott this is no longer a time for check-in phone calls between these two leaders. everything now is substantive about the underlying merit of what treasury secretary geithner. republicans bel
incomes of $40,000 to $64,000 would see taxes rise $2,000 and in the $64,000 to $108,000 bracket taxes go up $3,500 a year. mr. obama and the republican speaker of the house talked this over today and here's major garrett at the white house. major? >> reporter: scott, there is a code of silence the white house and speaker boehner's try to apply to these phone conversations, releasing as few details as possible to protect the underlying negotiations. nevertheless, cbs news has learned the...
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Dec 2, 2012
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a tax increase double the size of what he campaigned on. billions of dollars in new stimulus spending, and an unlimited, unchecked authority tow borrow from the chinese. maybe i missed it, but i don't recall him scwg for any of that during the presidential campaign. >> jarvis: parents and school boards across the country are debating whether to offer bonuses to teachers whose student do well on standardized tests. sharyl attkisson check out how the bonus is working in the first city to try the idea >> reporter: tenth grader lennard long attends a public high school in washington, d.c., where his mom, leticia, used to be frustrated there were no teacher involveses. >> parents would say this teacher they didn't think there was a good teacher but you didn't have an idea why. they weren't evaluated and there wasn't anything for to us determine why. >> reporter: test scores here ranked among the worst in the nation, even though the district was spending more per pupil than large u.s. cities, almost $13,000 per student. but in 2009, washington, d
a tax increase double the size of what he campaigned on. billions of dollars in new stimulus spending, and an unlimited, unchecked authority tow borrow from the chinese. maybe i missed it, but i don't recall him scwg for any of that during the presidential campaign. >> jarvis: parents and school boards across the country are debating whether to offer bonuses to teachers whose student do well on standardized tests. sharyl attkisson check out how the bonus is working in the first city to...
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connecx toys. >> we all agree on making sure middle class taxes don't go up. let's get that done. let's take the fear out for the vast majority of american families so they don't have to worry about $2,000 coming out of their pocket starting next year. >>> all right. now to a story you will see on nbc bay area. >> the san jose skyline could look different if the city can get clearance from the faa. the city leaders say they want taller buildings up to 40 stories high, but since downtown is in the flight path of the airport, there are flight restrictions and that is costing the city money. >> we can do that because we can bring more vibrancy to downtown. more people using restaurants and retail and obviously that attracts more business. >> the faa is doing a study looking the -- at other airports. critics say having taller buildings will ruin the view for the buildings already in downtown. >>> when we come back, they are called new york's finest for a reason. kindness that has a lot of people talking. >>> just in time for the cold weather and holidays, it was a random act of kindne
connecx toys. >> we all agree on making sure middle class taxes don't go up. let's get that done. let's take the fear out for the vast majority of american families so they don't have to worry about $2,000 coming out of their pocket starting next year. >>> all right. now to a story you will see on nbc bay area. >> the san jose skyline could look different if the city can get clearance from the faa. the city leaders say they want taller buildings up to 40 stories high, but...
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top economists showed up at the capital today for further talks about the impact of tax increases and government spending cuts on the middle class. from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to close tax loopholes and limit some deductions. they say the president needs to deliver a new plan they can agree on before the january 1 deadline. >>> stocks inched up as investors kept and eye on washington. the dow was up around 40, nasdaq up 16, s&p saw a 5 point increase. >>> the dungeness crab season has hit a snag. local crabbers are refusing to fish for the northern california delicacy after a new price fight with the wholesalers. the cbs 5 reporter anne makovec shows us the solidarity on the docks is being tested. >> strike last year this boat. >> right.
top economists showed up at the capital today for further talks about the impact of tax increases and government spending cuts on the middle class. from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >>...
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but state senator-elect jerry hill already says he plans to raise gas taxes and says that's the best if not long-term solution for the area. reporting live in daly city, cate caugiran, cbs 5. >> thank you. >>> you can use your live hi- def doppler on our website to zero in on your neighborhood to see what's going on there. just go to cbssf.com/weather. >>> well, liz had a busy day yesterday because of all the rain but right now it's not too wet so hopefully you're not all that busy in the traffic department. >> it looks okay. gosh, it is amazing what some wet weather will do to the commute. the only thing we got going right now is actually out in napa. we have a traffic alert. it sounds like the northbound lane of highway 121 blocked by 128. a car slowed to avoid a deer and crashed at the scene. so fire crews are there now. they are working to clear it. it's been there since before 3:30 this morning. we'll take live look outside so yeah, the golden gate bridge looks a lot drier this morning than yesterday. and the commute across the span is moving at top speeds, as well. some other b
but state senator-elect jerry hill already says he plans to raise gas taxes and says that's the best if not long-term solution for the area. reporting live in daly city, cate caugiran, cbs 5. >> thank you. >>> you can use your live hi- def doppler on our website to zero in on your neighborhood to see what's going on there. just go to cbssf.com/weather. >>> well, liz had a busy day yesterday because of all the rain but right now it's not too wet so hopefully you're not...
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. >> reporter: taxes continue to be the line in the sand between democrats and republicans. >> there is no path to an agreement that does not involve republicans acknowledging that rates have to go up for the wealthiest. >> reporter: gop lawmakers don't want higher rates and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare and medicaid and social security from bankruptcy. >> reporter: if a deal is not reached, taxes go up and spending will be clashed. defense contractors are sending the message to lawmakers those cuts would damage the military industry and weaken national security. the ceo of task, a company that develops aviation systems and software for intelligence agencies: >> over 50% of the defense budget is procuring services and services are underscored by jobs. so of course there will be job loss if you have cuts. >> reporter: the cliff hits at the end of the
. >> reporter: taxes continue to be the line in the sand between democrats and republicans. >> there is no path to an agreement that does not involve republicans acknowledging that rates have to go up for the wealthiest. >> reporter: gop lawmakers don't want higher rates and say the obama administration's proposed cuts to entitlements don't go far enough. >> i think we're going over the cliff. it's pretty clear to me they have made a political calculation. this offer...
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Nov 30, 2012
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show that they're serious on negotiations. >> if a compromise is not reached by year's end, automatic tax hikes and steep budget cuts will kick in. >>> the president and mitt romney met face-to-face today for the first time since their contentious campaigning. aides say they discussed american leadership in the world and pledged to stay in touch. >>> the supreme court could take up california's same-sex marriage debate as far as tomorrow. we'll know as soon as the court posts a list of cases it plans to review. if the prop 8 case is on the list, it means it would be argued and likely decided by next summer. but if the justices opt not to hear it, than the appeals court ruling that struck down the ban as unconstitutional would stand. if that happens, same-sex weddings could become legal in days. >>> what's been a favorite with foodies, now the fate of a historic bay area oyster form is decided forever. >>> cops hear a lot of excuses for bad driving but wait until you hear what one driver blamed for this parking lot mashup. >>> power ball is coming to town. well, it's coming to california a
show that they're serious on negotiations. >> if a compromise is not reached by year's end, automatic tax hikes and steep budget cuts will kick in. >>> the president and mitt romney met face-to-face today for the first time since their contentious campaigning. aides say they discussed american leadership in the world and pledged to stay in touch. >>> the supreme court could take up california's same-sex marriage debate as far as tomorrow. we'll know as soon as the court...
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it's not acceptable to me or you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> we're willing to put revenues on the table. but revenues that -- that come from closing loopholes, getting rid of special interest deductions, and not raising rates. >> congress needs to reach an agreement in the next few weeks to avoid automatic hikes and cuts come january. >>> they bought just five tickets and picked numbers at random. that's how a missouri family lucked into the biggest powerball lottery of all time. cbs moneywatch reporter alexis christoforous shows us the recently jobless couple now the country's newest millionaires. [ applause and cheers ] >> reporter: the country's newest megamillionaires stepped into the spotlight. >> the hill family, come on up. >> reporter: cindy and mark hill of dearborn, missouri, bought one of the two winning tickets for the $588 million powerball. >> i was thinking, is that the right numbers? is that the right numbers? and i was shaking. and i called
it's not acceptable to me or you for just a handful of republicans in congress to hold middle class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> we're willing to put revenues on the table. but revenues that -- that come from closing loopholes, getting rid of special interest deductions, and not raising rates. >> congress needs to reach an agreement in the next few weeks to avoid automatic hikes and cuts come january. >>> they...
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Dec 6, 2012
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state tax pairs paid more than $800. then she bought the car for personal use. her staff declined comment. according to an associated press report, 47 of the 64 lawmakers bought their cars. that's after taxpayers paid for repairs and maintenance. >> unfortunately they made a mistake and i think some of them realize they made a mistake hoping it wouldn't be disclosed to the public. >> reporter: california was the only state to have a car perk for state lawmakers until a year ago. a citizens commission ended program to save $5 million a year. some of the larger bills came from senator bob dunn gone. his chevy tahoe wracked up nearly $6000 in work. he says the car was nearly 100,000-miles. he bought it weeks later. new tires and a cooling system flush as part of a $2400 taxpayer bill before he bought the car. >> it's my money going to it. it's frustrating. >> sounds like we're getting ripped off. doesn't sound fair at all. we work really hard for our money. >> reporter: an unnamed source told me when lawmakers gave up their cars they got auction to dealers. lawmake
state tax pairs paid more than $800. then she bought the car for personal use. her staff declined comment. according to an associated press report, 47 of the 64 lawmakers bought their cars. that's after taxpayers paid for repairs and maintenance. >> unfortunately they made a mistake and i think some of them realize they made a mistake hoping it wouldn't be disclosed to the public. >> reporter: california was the only state to have a car perk for state lawmakers until a year ago. a...
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a voluntary tax on vintners covers the rest. angel calderon runs the centers. he says the 81-year-old priest created a model for farm worker housing. >> he was a saint because i don't know else in this valley doing that much for the farm workers. >> reporter: father brenkle also cofounded a nonprofit that helped develop more than 900 affordable housing units. >> as i look back, i have a sense of peace and satisfaction. >> reporter: so for his tireless fight for farm worker housing this week's jefferson award in the bay area goes to father john brenkle. sharon chin, cbs 5. >> nominate your local heroes for a jefferson award on cbs 5 online. go to cbssf.com, click the "connect" button and jefferson awards to find the email nomination form. >> now our little ray of sunshine bringing more sunshine. >> everybody was in a tizzy today because we had the official lighting of the sacramento tree in sacramento and we had rain and all the way throughout the central valley. good evening, everybody. let's go ahead and head to sacramento where the governor was on hand -- tha
a voluntary tax on vintners covers the rest. angel calderon runs the centers. he says the 81-year-old priest created a model for farm worker housing. >> he was a saint because i don't know else in this valley doing that much for the farm workers. >> reporter: father brenkle also cofounded a nonprofit that helped develop more than 900 affordable housing units. >> as i look back, i have a sense of peace and satisfaction. >> reporter: so for his tireless fight for farm...
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but state senator-elect jerry hill will push for higher gas taxes. >> the sales tax or increase in the gasoline tax is really the solution-foot-long term to improve our roads. >> reporter: are we living on borrowed time? >> in some cases we may be. >> reporter: according to the latest studies by the mtc and other city agencies, there is no money now and dana, tonight they are saying it doesn't even look good for the next 30 years. >> wow. all right. linda yee, thank you. >>> right now, the city of oakland is talking to a concerned community about crime during the holidays and how to improve say the. crime in the city is at an all- time high while the ranks in the police department continue to shrink. phil matier says more people are taking the law into their own hands. phil. >> reporter: you know, this is a nice quiet neighborhood in oakland but just two hours ago will we were setting up to get ready to do this shot here at the fair, police were involved in a high-speed chase that ended with a horrendous accident in mcarthur park t spotted a car carrying gangbangers in it including one
but state senator-elect jerry hill will push for higher gas taxes. >> the sales tax or increase in the gasoline tax is really the solution-foot-long term to improve our roads. >> reporter: are we living on borrowed time? >> in some cases we may be. >> reporter: according to the latest studies by the mtc and other city agencies, there is no money now and dana, tonight they are saying it doesn't even look good for the next 30 years. >> wow. all right. linda yee,...
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Dec 4, 2012
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it is a $2.2 trillion offer that does not raise the tax rate on the wealthiest americans and that has become the central issue of the negotiations. the white house says republicans still are not ready to get serious. susan mcginnis is in washington with the back and forth details. susan, good morning to you. >> reporter: good morning, terrell. gop leaders here on capitol hill sent their plan to the white house in this letter on monday, and now that both initial offers are out there, both sides say it's time to get serious. governors from six states are headed here to washington today to tell president obama their thoughts on the fiscal cliff. the bipartisan group says both sides need to work together to avoid the tax increases and spending cuts due to kick in at the end of the year. >> no one's going to get what they want, but as a country to move forward, we've got to figure out who gives where, and if everything is going to be out on the table, how do we negotiate that? >> reporter: republicans have given a counterproposal to the president's plan which he issued last week. they say
it is a $2.2 trillion offer that does not raise the tax rate on the wealthiest americans and that has become the central issue of the negotiations. the white house says republicans still are not ready to get serious. susan mcginnis is in washington with the back and forth details. susan, good morning to you. >> reporter: good morning, terrell. gop leaders here on capitol hill sent their plan to the white house in this letter on monday, and now that both initial offers are out there, both...
SFGTV: San Francisco Government Television
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Dec 1, 2012
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my building taxes alone raised to ten fold. because you know the building just sold for 16 million. when i went in it was 2 million in value and the ground floor operators came down with the rent. >> thank you, your time is up. >> next speaker, please. >> hello, i too am here again, a lot of time that i spent on working on this issue before and we actually won a couple of permits that were not issued. >> this is a really big topic, not only in san francisco but across the united states and the business owners that pay money for the brick and mortar are up in arms. this is portland, chicago, new york, and i understand that the food truck operator actually lives in berkeley. berkeley does not allow food trucks. they are actually trucking the food in, and trucking the money out. san francisco is not gaining any tax dollars or the magnitude of the money, that is lost by the city sales on brick and mortar are going to go down. this is lut ris that this is happening in the financial district. i am, personally not against food trucks, bring them to the construction sites. one of the speake
my building taxes alone raised to ten fold. because you know the building just sold for 16 million. when i went in it was 2 million in value and the ground floor operators came down with the rent. >> thank you, your time is up. >> next speaker, please. >> hello, i too am here again, a lot of time that i spent on working on this issue before and we actually won a couple of permits that were not issued. >> this is a really big topic, not only in san francisco but across...
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Dec 6, 2012
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they say congress needs to add tresz the so-called fiscal cliff before scheduled tax sxhieks spending cuts go into effect. one berkeley mother was among those in washington. >> like many families, i don't have any other place to cut right now so we're here to stand up and make sure that our voices are heard. >> the group also delivered signed petitions urging congress to end the bush tax cuts for the wealthy. >>> representatives from huns of charities have descended on capitol hill in an effort to dlsh there has been talk of capping the deduction but nonprofit leaders say they're afraid if the government limits the deduction people would drastically cut back on their donation. >> that means there will be less opportunity for people to be fed. there will be less nights of care provided for those who are homeless. there will be less service for disaster situations. >> some republican pros pose limiting all itemized tax deductions, but president obama wants to increase tax rates for the wealthiest 2% of americans instead. >>> government regulators are taking action against a baby recline
they say congress needs to add tresz the so-called fiscal cliff before scheduled tax sxhieks spending cuts go into effect. one berkeley mother was among those in washington. >> like many families, i don't have any other place to cut right now so we're here to stand up and make sure that our voices are heard. >> the group also delivered signed petitions urging congress to end the bush tax cuts for the wealthy. >>> representatives from huns of charities have descended on...
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Dec 5, 2012
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the president won't sign anything that doesn't increase taxes for the wealthy. the gop counter offer calls for raising 800 billion in revenue without raising tax rates. >> if washington can't reach a deal cbs reporter jim axle rod says your paycheck is going to feel it. >> the payroll tax cut has given this family an extra $70 a month to spend. >> are you paying attention to what's going on in washington right now. >> of course we are. >> their 50,000-dollar a year income puts them in the middle of american households if the payroll tax cut is not extended those families would pay an average of $1,035 a year more in social security taxes. >> do you have room to cut back. >> no, sir i don't. i guess if i do some type of magic like we do every month. >> if the tax cut expires paycheck contributions will go from 4.2 percent to 6.2 percent. $115billion a year that will go to deficit reduction instead of being pumped into the economy. those in favor of allowing the tax cut to expire argue money for social security payments has to come from somewhere. although he says
the president won't sign anything that doesn't increase taxes for the wealthy. the gop counter offer calls for raising 800 billion in revenue without raising tax rates. >> if washington can't reach a deal cbs reporter jim axle rod says your paycheck is going to feel it. >> the payroll tax cut has given this family an extra $70 a month to spend. >> are you paying attention to what's going on in washington right now. >> of course we are. >> their 50,000-dollar a year...
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Dec 7, 2012
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he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's hiring. this is the morning news. port. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service the holidays are easy. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have an extra pair of hands around for the holidays. because it's nice to have an extra pair of hands around ♪ ♪ there's no such thing whenas too soft. toilet paper, i know what i like. i
he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in last month's...
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Nov 29, 2012
11/12
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otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their final debate. the meeting will be private. no aids and no media. >>> armed with guns and sledgehammers, the daring bay area jewelry heist that took 75 seconds to pull off. >>> well, that and $7 will get you a cup of coffee. what's so special about starbucks' new brew? >>> a $580 million jackpot is up for grabs tonight. now california wants in on the action. how soon until you can play powerball? ,, sledgehammers, hit a bay ara jewelry store. it happened in los gatos. c5 reporter kiet >>> they were in and out in a flash. two thieves waving guns and sledgehammers hit a bay area jewelry store. it happened in los gatos. kiet do shows us just how quickly they struck. >> reporter: for employees at this fine jeweler's, the surveillance video captured the longest 75 seconds of their lives. >> did you think you were going to die? >> it crosses you
otherwise, tax hikes will automatically kick in. >>> talk about a power lunch. president obama and mitt romney, who will dine at the white house together tomorrow afternoon. this will be the first time they have met since their final debate. the meeting will be private. no aids and no media. >>> armed with guns and sledgehammers, the daring bay area jewelry heist that took 75 seconds to pull off. >>> well, that and $7 will get you a cup of coffee. what's so special...
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Dec 6, 2012
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. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending cuts on the middle class. president obama and house speaker john baner -- john boehner spoke wednesday but publicly are holding firm on their positions. it's made clear the country could go over the cliff if congress fails to come to a agreement. the standoff and the country's skyrocketing debt concerned ryan ryan, so much so that he's the guy in the suit dancing gangnam style with former senator alan simpson. the can kicks back is working to get young people back to fixing the debt crisis. >> we're using humor to hook them in and get them to learn about this issue and understand how it affects their lives. >> reporter: the grass roots campaign wants to sign up more than two million people to put pressure on both sides. danielle nottingham, cbs news, washington. >>> 9news now is talking to our local congressional members about the fiscal cliff. and tonight at 7:00 p.m., maryland senator ben cardin will join derek mcginty in our studio. last night virginia democ
. >> reporter: top economists came to capitol hill thursday to talk about the impact of tax increases and government spending cuts on the middle class. president obama and house speaker john baner -- john boehner spoke wednesday but publicly are holding firm on their positions. it's made clear the country could go over the cliff if congress fails to come to a agreement. the standoff and the country's skyrocketing debt concerned ryan ryan, so much so that he's the guy in the suit dancing...
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again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members of congress are heading out on a long weekend, not to return till tuesday. this as the impasse here on capitol hill continues and the nation waits. social security workers marched outside their office in baltimore wednesday. they're protesting the government spending cuts due to kick in at the end of the year as part of the fiscal cliff. >> we don't want to see our public hurt in any way. >> just down the road in washington, d.c., the standoff continues. house speaker john boehner says he's still wa
again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call...
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Dec 3, 2012
12/12
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the president must in the bush era tax cut for people making more than $250,000 per year. without a deal the average middle- class family could pay about 200--$2,000 a year more in taxes. house speaker john boehner blanks the spot stalemate on the obama administration. he says they are taken republicans seriously with their plan to close loopholes and deductions without raising taxes. >> we think it would be a wonderful christmas gift for the american people for the middle class a tax cut come january people and we want them to tell the american people why not that they will not do it. we are optimistic. >> the democratic controlled senate has already voted to extend the bush era of cut for incomes that are under $250,000 and led the other is expired. >> moody's analytics predicting there will be a short-term deal reached before the end of the year. we will take a quick break on the kron for morning new we want to go outside and give you a quick look. we will tell you about the power outages i think we have information where you can see the north bay is still dealing with
the president must in the bush era tax cut for people making more than $250,000 per year. without a deal the average middle- class family could pay about 200--$2,000 a year more in taxes. house speaker john boehner blanks the spot stalemate on the obama administration. he says they are taken republicans seriously with their plan to close loopholes and deductions without raising taxes. >> we think it would be a wonderful christmas gift for the american people for the middle class a tax cut...
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Dec 5, 2012
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the county's top fire official recommended the closures saying a loss of property taxes and failed tax measure in november caused the district to burn through its cash reserve. >>> some other headlines around the bay on this wednesday. a decision on whether to buy a drone for the alameda county sheriff's office sent to the public protection committee for further study. the committee is expected to hold a public hearing on the issue sometime in january. if approved, it will go back to the board of supervisors for a final decision. >>> a big bag of marijuana was hauled out of a home that burned in san francisco. police also removed equipment for the growing operation there. the cause of the two-alarm fire in the haight-ashbury neighborhood unknown. nobody was hurt. >>> time now 5:09. protests continue to rock egypt's capital this morning. >> plus a rare appearance. the vote that drew former senator bob dole in a wheelchair there to washington, d.c. >> and the star is reborn. how many gallons of paint it took to get this hollywood icon a face-lift. ,,,,,, ,,,, you won't take my life. you
the county's top fire official recommended the closures saying a loss of property taxes and failed tax measure in november caused the district to burn through its cash reserve. >>> some other headlines around the bay on this wednesday. a decision on whether to buy a drone for the alameda county sheriff's office sent to the public protection committee for further study. the committee is expected to hold a public hearing on the issue sometime in january. if approved, it will go back to...
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Dec 3, 2012
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the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. timothy geithner was on the hill last week to present the president's plan to congress. >> i was flabbergasted. >> reporter: president obama wants $1.6 trillion in new taxes on the rich. $400 billion in cuts to enti
the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal...
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Nov 30, 2012
11/12
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so can washington make a deal on the budget and avoid those tax increases? we're getting our first look tonight at president obama's proposal and the republican reaction. major garrett is at the white house for us tonight. major. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next 10 years. it includes $1.6 trillion in higher taxes on households make manage more than $250,000. there's also $400 billion in cuts to entitlement programs, like medicaid and medicare, as well as others. there is also fresh new aending. $50 billion next year in stimulus spending, all for infrastructure. the white house calls this an opening bid. house republicans call it a rehash of old ideas and also object to the idea of a white house asking a permanent legislative remedy to raising the debt ceiling, all of it, the republicans say rather, is unacceptable. now much of this w
so can washington make a deal on the budget and avoid those tax increases? we're getting our first look tonight at president obama's proposal and the republican reaction. major garrett is at the white house for us tonight. major. >> reporter: scott, the first hard numbers from the white house to resolve the fiscal cliff crisis landed with a thud on capitol hill. congressional republicans called it an insulting joke. here's the big picture-- $4 trillion of deficit reduction over the next...
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Dec 5, 2012
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the president will not sign anything without a tax increase for the nation's highest earners. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> the gop counter offer calls for raising $800 billion in revenue without raising taxes. jay carney liken today to magic beans and fairy dust. >>> still counting the multibillion dollars vote that will not die. and how much the recount is costing bay area taxpayers. >> and the day after an epic evening commute meltdown, muni decides to let one group of passengers ride for free. >> and here comes flu season. why this year may or may not be different than normal. government after being toldo shut down. drakes bay oyster company >>> the owners of an oyster farm are suing the federal government after being told to shut town. they were hoping to -- shut down. they were hoping to get a 10-year extension in the next lease, but in a move by local environmentalists, the secretary of the interior refused. the company says the decision violates a state water lease and 10 million oysters
the president will not sign anything without a tax increase for the nation's highest earners. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> the gop counter offer calls for raising $800 billion in revenue without raising taxes. jay carney liken today to magic beans and fairy dust. >>> still counting the multibillion dollars vote that will not die. and how much the recount is costing bay area...
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supervisors are expected to vote to officially shut them down for good after voters rejected a parcel tax in november. measure q would have preserved existing levels of fire service. officials say they will have to scale back responses to low priority calls. >>> investigators looking into a deadly cabin fire near fairfax say it was caused by a marijuana glowing operation. a body was found burned in the cabin. the fire chief says the source of the blade was illegal wiring feeding -- of the blaze was illegal wiring feeding electricity into that shed. >>> a water line under mountain view drive ruptured following sunday's storm causing the road to collapse. repairs are expected to cost hundreds of thousands of dollars. >>> soon workers blaming a clogged sewer line backed up and broken sewer lines all over that region sewage started spilling out of a money hole sunday morning, 30,000 gallons they are not sure if it reached a nearby creek. >>> tentative settlement between port of oakland and union as oakland is getting extra business because of a port strike in long beach and los angeles. cleri
supervisors are expected to vote to officially shut them down for good after voters rejected a parcel tax in november. measure q would have preserved existing levels of fire service. officials say they will have to scale back responses to low priority calls. >>> investigators looking into a deadly cabin fire near fairfax say it was caused by a marijuana glowing operation. a body was found burned in the cabin. the fire chief says the source of the blade was illegal wiring feeding -- of...
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Dec 5, 2012
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republicans are instead offering to close tax loopholes and limit tax deductions that favor the wealthy while extending current tax rates for the middle class. frustration is clearly growing on both sides. >> speaker's proposal right now is is still out of balance. >> we wasted an enormous amount of time here sparring back and forth in public. it strikes me as a good time to get serious about the proposals. >> reporter: a very big potential problem for speaker boehner even if he's willing to compromise with president obama, people within his own party are not are already saying they won't be willing to go along. i'll have more on that during my next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> controversial comedian katt williams says he's done. he's quitting stand up comedy after another run in with the law. >> i'm just going to go ahead and announce my retirement from stand up. i'm kind of done. >> katt williams made that announcement outside of a hotel sunday night after being kicked out of the hotel. on sunday he was taken to jail accused of fig
republicans are instead offering to close tax loopholes and limit tax deductions that favor the wealthy while extending current tax rates for the middle class. frustration is clearly growing on both sides. >> speaker's proposal right now is is still out of balance. >> we wasted an enormous amount of time here sparring back and forth in public. it strikes me as a good time to get serious about the proposals. >> reporter: a very big potential problem for speaker boehner even if...
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Dec 1, 2012
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he told people at a toy factory in pennsylvania he will insist on keeping tax rates where they are for middle income families and raising them for the wealthy. >> in washington nothing's easy. so yeah there's going to be so prolonged negotiations. and all of us are going to have to get out of our comfort zones to make that happen. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. >> john baner says negotiations are going as he put it almost nowhere. without an agreement. hundreds of billions of dollars in tax increases take effect in january. >> if the fiscal cliff wasn't enough there's another problem that threatens to suck billions of dollars out of the economy. the california labor dispute that may need a nudge from the president. >> great news for anybody with about 26.2 miles of outdoor activity planned for the weekend. the weather may get worse. >> we have a lot more rainfall heading toward the bay area but the timing of things has changed a bit. details on that comi
he told people at a toy factory in pennsylvania he will insist on keeping tax rates where they are for middle income families and raising them for the wealthy. >> in washington nothing's easy. so yeah there's going to be so prolonged negotiations. and all of us are going to have to get out of our comfort zones to make that happen. >> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong...
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Dec 7, 2012
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hikes will takes effect if republicans refuse to raise taxes on the wealthiest americans. meanwhile a new survey shows the president's approval rating is at the highest point since the raid that killed osama bin laden. in addition, 42% believe the nation is heading in the right direction. >>> 6:10, a tycoon wanted for murder, how john mcafee ended up in the hospital. >>> a van plows into a jewelry store, narrowly missing the customer, what the driver says caused her to lose control. >> last going on, i had a former student give birth in the car. >> how about that, a lesson they never expected how teachers stepped in to deliver a baby in a school parking lot. we got that story and much more when we come back. ,,,,,,,,,, [ female announcer ] for those who love sweets, your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples. that's a given. you need safeway sugar for just $1.97. and that magic thing that makes everyone want another -- only $2.99 for challenge butter. and when hands get messy, quite surely they'll say
hikes will takes effect if republicans refuse to raise taxes on the wealthiest americans. meanwhile a new survey shows the president's approval rating is at the highest point since the raid that killed osama bin laden. in addition, 42% believe the nation is heading in the right direction. >>> 6:10, a tycoon wanted for murder, how john mcafee ended up in the hospital. >>> a van plows into a jewelry store, narrowly missing the customer, what the driver says caused her to lose...
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Nov 30, 2012
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. >> one possibility is to have a parcel tax that would require the city to take back all responsibility for tree maintenance. >> unless some revenue stream is found, the city plans to turn over 23,000 trees to property owners in the next seven years. >> developing news in mountain view where two 17-year-old boys and 23-year-old man is accused of sexually assaulting a 13-year-old girl. they say it happened last night. investigators say they were all drinking when the three young men assaulted the young teenage girl. no word on where the victim lives. >> residents of a palo alto neighborhood are concerned over a fourth sexual assault. latest attack happened early this morning in an apartment near the stanford shopping center. a man broke in and tried to rape a woman who was sleeping. vic lee is live with the latest on the search. the search for a sexual predator. >> this is apartment building where the attack took place. they say the female resident did everything right sheeclgs screamed and caused her attacker to run. police responded but still could not find him. >> i wanted them to tak
. >> one possibility is to have a parcel tax that would require the city to take back all responsibility for tree maintenance. >> unless some revenue stream is found, the city plans to turn over 23,000 trees to property owners in the next seven years. >> developing news in mountain view where two 17-year-old boys and 23-year-old man is accused of sexually assaulting a 13-year-old girl. they say it happened last night. investigators say they were all drinking when the three...
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the conservative action networks in this alert supporters sang card rep tell your representative tax hikes are not part of the solution. the e-mail included a not so subtle threat saying this infamous pledge cost george h. w. bush reelection. >> read my lips. >> aware of the potential blow back that could imperil his leadership john boehner careful to include in other proposal leaders. including paul ryan who spent months on the campaign trail ordinance against tax increases. >> we will cut tax rates for small businesses and work with the family. >> house gop sources tell cnn they hope conservative black less is proof that we try to compromise. >> the house republican leadership is trying to move the process forward. frankly i had hoped we would be accomplishing more in the real talks that are going on privately. i can tell you being aware of those there is nothing going on privately that is going on publicly. >> off and other nationals former president george w. bush is making a new appeal for immigration reform mr. bush had pushed for an overhaul of the nation's immigration laws du
the conservative action networks in this alert supporters sang card rep tell your representative tax hikes are not part of the solution. the e-mail included a not so subtle threat saying this infamous pledge cost george h. w. bush reelection. >> read my lips. >> aware of the potential blow back that could imperil his leadership john boehner careful to include in other proposal leaders. including paul ryan who spent months on the campaign trail ordinance against tax increases....
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yeah, no one wants higher taxes, but we're not in a dp reception rightnow. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goalets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the world that we have a solution and if it takes a few months to get there and higher taxes for a while, big deal, we will get there. that's got to be the plan not just the same nonsense. >> yeah, but larry, that's part of your point, but jonas says we're not in a bad recession, we're certainly not in a good recovery. and if we just keep falling little bit by little bit, maybe as much as jump off the cliff, but it's certainly a slippery slope. >> brenda, the damage is already being done. we saw it in november retail sales and companies delaying activity already and we know t
yeah, no one wants higher taxes, but we're not in a dp reception rightnow. we absolutely are going to die if things start to change and in fact, the underlying real problem, the growing deficit on the path to greece, the goalets worse once we kick the can away. that will be the overriding probleming not the slowing economy not people spending money, but sure, that might not happen in the first two months, but it will eventually happen if we keep kicking down the can. we want to prove to the...
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with the tax rate being the lowest in america since the 1950s, most likely we'll raise the tax for the up 2er% at some point, right? >> raising tax rates is unacceptable. >> jon: okay. so what exactly is your idea of the a negotiation? >> the president's idea of a negotiation is "roll over and do what i ask." (laughter) >> jon: at least once he has you on your back he asks. (laughter) i can't wait till -- (applause) they're applauding the lack of rape. (laughter) (applause) now they're just mimicking me. (laughter) (laughter) i cannot wait until the democrats get ahold of this republican proposal. they are going to tear it to shreds. >> the good news is they put something in writing. the bad news is it doesn't really get us in the moving -- moving forward. >> the republican plan failed the very first test of fairness. >> unfortunately, the speaker's proposal right now is still out of balance. (laughter) >> jon: "out of balance"? where's your hysterical rhetoric. where's your "i laughed in their (bleep)ing faces!" where is your "disappointed!" where is your "this proposal is an insult!
with the tax rate being the lowest in america since the 1950s, most likely we'll raise the tax for the up 2er% at some point, right? >> raising tax rates is unacceptable. >> jon: okay. so what exactly is your idea of the a negotiation? >> the president's idea of a negotiation is "roll over and do what i ask." (laughter) >> jon: at least once he has you on your back he asks. (laughter) i can't wait till -- (applause) they're applauding the lack of rape....
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123
Dec 4, 2012
12/12
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KTVU
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after voters in the contra costa fire district rejected measure q, the temporary seven- year parcel tax would have provided enough funds to keep the four dations -- the four stations open. >>> the oakland raiders are expressing their condolences to dennis allen who lost his father last night. grady allen passed away due to cardiac arrest. according to a statement from the raid, dennis allen traveled to the dales fort worth area to be by his father's said white after -- right after the game on saturday. he does plan to play in the game on thursday against denver. >>> we're still on stormwatch as more wet weather moves into the area. in the meantime, the cleanup continues from the weekend storm. a free that well on reed avenue is scheduled for removal today. as you can see it was still laying on sop of -- on top of several vehicles this morning. no one was hurt. caltran crews are cleaning up a small mudslide that shut down the connector. the ramp is closed is the one from eastbound interstate 80 to highway 29. crews say the connector will be closed until about 3:00 this afternoon and that
after voters in the contra costa fire district rejected measure q, the temporary seven- year parcel tax would have provided enough funds to keep the four dations -- the four stations open. >>> the oakland raiders are expressing their condolences to dennis allen who lost his father last night. grady allen passed away due to cardiac arrest. according to a statement from the raid, dennis allen traveled to the dales fort worth area to be by his father's said white after -- right after the...
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52
Dec 3, 2012
12/12
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CNBC
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eye 52
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first taxes don't data. what about taxes. his take on the cliff hanger and why investors shouldn't worry about taxes. and dell trade or trap? goldman jumps on the band wagon. 2012 gold rush. why are americans stocking up on gold coins? is it another way to say diversify? we have to get straight to our top story and tonight that is will the cliff ruin christmas? the rhetoric cnbc has the latest including the white house response to the gop proposal. >> just within the past few minutes we have gotten the white house's response to the boehner counter proposal to the white house proposal last week. the white house doesn't like the proposal from bane kpp today. dan fifer saying the republican la letter does not meet the balance and sticks the middle class with the bill. clearly what we are seeing is a negotiation. the white house doesn't like what they have been presented and now the offers and counteroffers will continue to fly and will start to get a little more close to one another. neither one of these as they have been laid o
first taxes don't data. what about taxes. his take on the cliff hanger and why investors shouldn't worry about taxes. and dell trade or trap? goldman jumps on the band wagon. 2012 gold rush. why are americans stocking up on gold coins? is it another way to say diversify? we have to get straight to our top story and tonight that is will the cliff ruin christmas? the rhetoric cnbc has the latest including the white house response to the gop proposal. >> just within the past few minutes we...
192
192
Dec 6, 2012
12/12
by
KOFY
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increase on high earners and a boost to the statewide sales tax to save public schools. but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year and then go to 9.7% next year with a jobless rate of 8.4% in 2014. >> i think it's an oversimplification. >> an economist who is school finance consultant. he says it doesn't take into account if they rejected prop 30 six billion in cuts mostly to public education. he thinks californians want to trade short term growth for an investment in kids. >> we would have been looking at shortening the school day further, more kids out the streets. that is exactly what the voters didn't want to see. >> for job seekers, to see any slowdown in hiring, even for a good reason is frustrating. >> i look for abo
increase on high earners and a boost to the statewide sales tax to save public schools. but a new forecast calls it a double-edged sword because it will drag the economy slowing growth. >> republicans have been saying that for some time. any time that you have higher taxes, it changes behavior but it also dampens the economic recovery. >> they estimated payroll growth to be between 1-2% in the next two years. it predicts unemployment rate will average 10.5% by the end of the year...